Orion Minerals Limited · ASX:ORN
Orion Minerals — 121 Mining Investment Conference 2017
24 slides from Orion Minerals's conference presentation, May 9, 2017
Slide 1: Advanced Stage South African Zn-Cu
Advanced Stage South African Zn-Cu • Fast tracking to feasibility study For personal use only • Large historic database ASX Code: ORN • Drilling continues to deliver wide, high grade Zn & Cu • Technical & Engineering appraisals continue at PC Project 121 Conference Presentation – May 2017 1
Slide 2: Disclaimer and Forward-Looking Statements
Disclaimer and Forward-Looking Statements • Certain statements contained in this presentation, including information as to the future financial or operating performance of Orion Gold NL (Orion) and its projects, are forward-looking statements. Such forward-looking statements: For personal use only •
Slide 3: Orion: Corporate Summary
Orion: Corporate Summary Capital Structure Summary Board & Management For personal use only Shares on Issue 792M Denis Waddell Chairman Options on Issue 180M CEO, Managing Market Capitalisation (at 2.4cps) $19M Errol Smart Director Convertible Notes(1) (2.6cps convert, 12% coupon, Mar’19 maturity) $
Slide 4: Areachap – Underexplored, world class mineral province
Areachap – Underexplored, world class mineral province • Despite numerous mineral occurrences, including a For personal use only world class Cu-Zn mine being discovered between 1968-1998, no major exploration for past 20 years. • Most discoveries remain open down dip and along strike. • Numerous sur
Slide 5: Areachap South Africa - Three Superimposed Geological Events Produce An Exceptional Metals Province
Areachap South Africa - Three Superimposed Geological Events Produce An Exceptional Metals Province Gold and base metal deposits were deposited in an For personal use only active volcanogenic environment at ≈1.28 Ga. Prieska Cu-Zn deposit recorded as one of world’s 30 largest VMS deposits. Numerous
Slide 6: Understanding VMS Deposits
Understanding VMS Deposits For personal use only • Modern deposits still forming help us understand them. • They form in clusters along fault lines • Individual exhalative massive sulphide lenses are metal zoned. • Discovery of a system, then a lens are only the first steps, they then need to be tes
Slide 7: Understanding Mafic Intrusive Ni-Cu-PGE
Understanding Mafic Intrusive Ni-Cu-PGE For personal use only Process to Discovery of Mafic Intrusive Hosted Metal Deposits •Locate the mafic/ultramafic intrusive hosts – often below surface •Determine if they are “fertile” • Ni-Cu sulphide content • Cumulate textures • Immiscible sulphide injection
Slide 8: Diversified Metals Exposure with Geographic Focus
Diversified Metals Exposure with Geographic Focus • African project portfolio provides exposure to: For personal use only • Advanced Zinc-Copper project acquired with numerous known satellites on Orion optioned and owned prospecting rights. • Zinc Copper, Nickel-Copper + PGE, Gold-Copper deposits id
Slide 9: Areachap Project – Agama (PC + Marydale)
Areachap Project – Agama ( PC + Marydale ) • Acquired end March 2017 following extensive DD, including technical- For personal use only economic evaluation. • Total Acquisition Cost: • Cash A$3.3m • Shares* A$2.2m • Shareholder loan settlement A$3.4m • = Total A$8.9m Agama Exploration and Mining (PT
Slide 10: PC Exploration/ Feasibility Study Project
PC Exploration/ Feasibility Study Project Reviving a historical success For personal use only HISTORY OF SUCCESS KEY PROJECT DRIVERS FOR REVIVAL 1971-1991 the mine employed 4,000 people and • Data rich milled 8,000tpd • Drilling indicates extensive remaining mineralisation Produced >430,000tons Copp
Slide 11: PC Now: Remote Desert Site with Exceptional Infrastructure
PC Now Remote Desert Site with Exceptional Infrastructure For personal use only 75MW Solar Power Plant Shaft Head-frame 4 separate regional HV lines link to national electricity grid. • Sealed road to project site. • 48km via bitumen road to existing rail siding. • 800km rail link to major, bulk com
Slide 12: Prieska Copper Mines Ltd – Operational History
Prieska Copper Mines Ltd – Operational History Mine Manager’s Planning Proposal to Anglovaal Head Office (June 1987)* For personal use only •After this date, no more than 2Mt of ore blasted from underground (milling of surface stockpiles from 1989). •This only for ore below 105m level. •Estimation c
Slide 13: Extensive Historic Data Available
Extensive Historic Data Available For personal use only Extensive historic drill hole data, mine survey and geology plans show un-mined extensions and supports last mine planning reports 13
Slide 14: PC Deep Sulphide Target
PC Deep Sulphide Target Orion permitted to re-access & assess underground development For personal use only • 8.8m diameter concrete lined vertical shaft to 1,024m. • 3 separate ramp declines (6.5 x 3.8m) reach deepest ore at 1,140m. Reopening commenced April 2017 • Primary mine development in place
Slide 15: Shaft Inspected by Expert Safety Inspectors & Engineers
Shaft Inspected by Expert Safety Inspectors & Engineers For personal use only 15
Slide 16: Drilling Clusters of Intersections From “Mother” Holes
Drilling Clusters of Intersections From “Mother” Holes For personal use only 16
Slide 17: Deep Drilling – multiple “daughters” off pilot “mother”
Deep Drilling – multiple “daughters” off pilot “mother” For personal use only Pilot Hole Drilling Underway (May 2017) 17
Slide 18: Deep Sulphide - Resource Drill Out Underway
Deep Sulphide - Resource Drill Out Underway For personal use only • Drilling to achieve both infill & statistical validation of available drilling data • Planned to achieve sufficient data for JORC compliant resource estimation by CQ1 2018 18
Slide 19: Planned Infill and Statistical Validation Drilling (NW Trough)
Planned Infill and Statistical Validation Drilling (NW Trough) For personal use only 19
Slide 20: PC: Assessing +105 Open Pit Target
PC: Assessing +105 Open Pit Target For personal use only • Geotechnical solution to mining challenge developed to unlock potential of this important target. • Historic metallurgical test work and run of mine tests proved intermediate ore can be treated in Opened decline portal (2 May 2017) allowing
Slide 21: Drilling +105 Level Open Pit Target
Drilling +105 Level Open Pit Target For personal use only Drilling Results for +105 target Exceed Expectation – high grade supergene enriched sulphides intersected 21
Slide 22: +105 Open Pit Target – High Grade Intersections Drilled
+105 Open Pit Target – High Grade Intersections Drilled Schematic – Interpreted Section Drilled Section For personal use only • Initial assays received exceeded expectations on copper and zinc grades including: • 22m at 10.8% Zn, 1.38% Cu and 0.3g/t Au from 57m incl. 7m at 17.8% Zn and 1.41% Cu (OCO
Slide 23: Competent Persons Statement
Competent Persons Statement • The information in this report that relates to Exploration Targets at the Prieska Zinc Copper project complies with the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code) and is based on information
Slide 24: Orion Gold NL contact information
Orion Gold NL contact information: For personal use only Phone: +61 8 9485 2685 Email: info@oriongold.com.au Website: www.oriongold.com.au 24
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